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  #21 (permalink)  
Old 07-14-2008, 11:19 AM
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JULY 14 6 AM WAITING FOR ACTION

I thought I would post a little of what I have gleaned from the 30 minute method using a current USD/CHF 30 minute chart. There is a picture to accompany this. In the pics, the red lines on the main chart are the previous days - in this case Friday's - high and low, the specific points are circled in BLUE. I am seeing upward SAR action circled in ORANGE but I am awaiting a change - to go short - so I am looking somewhere in the RED circled area for SAR points to appear in the next short while. Below in the Awesome Oscillator chart region, I am awaiting the bars to turn RED - within the BLACK circled area to - again - confirm a short entry. This may not happen and the upwards trend could continue. I threw-on a 100 and 200 SMA line just to see if there was any stalling around these points. In this pic, it looks like we have hit the 100 SMA - in thin blue - and I am thinking this COULD be an indication of a retracement thus all the anticipation to go short after a relatively long - bull rally.
P.S. I had to load two pics as the capacity was over the limit on one pic. There is the main chart and the lower - awesome oscillator - study from the bottom of the chart.
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  #22 (permalink)  
Old 07-14-2008, 07:52 PM
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RESULTS OF PREVIOUS SET-UP

I just accidently erased a lengthy explanation of what happened with this pair. I'm not goint to re-type it! I have taken two screen-shots that show how this trade ultimately came about and moved the circles to coincide with the indicators. This would have resulted in AT LEAST the expected 30 pips and more if you let a second or more lots run. It could still drop - but we would now be looking at where the red candle is forming on the right and anticipate an upwards SAR dot to go long. Notice how the 100 SMA was JUST touched at the upper retracement point. Chart times are in GMT.
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Old 07-14-2008, 08:07 PM
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FURTHER POTENTIAL

In hindsight - I thought I would include charts of how the EUR/USD 30 minute panned out after openning Sunday evening - my time EST. The charts are in GMT and there is a bottom and top shot. The bottom is the AO and has the areas circled which were trade confirmations as per the AO. The upper chart shot shows TWO trades which would have EASILY have netted the expected 30 pips per trade. The arrows show the zones which are also circled. The sideways arrows at the right trade of the screen show where you would have likely entered and could have exited the trade. You would have HAD to enter at the green arrow - or soon after - because the AO confirmation would have not been printed until after the candle was formed making the entry at the top - or close - of the green candle. An easy 60 pips for the day - which is actually only just half-over!!!
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Old 07-14-2008, 08:58 PM
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VFX ANTICIPATING A USD/CAD TRADE

USD/CAD has not been a good trade with the standard S&R lines recently. The VFX looks to have been able to bag several 30 pip profits for a few such losses. Lets have a look at what will likely happen in the next few hours. GMT is on the chart - it is for July 14. EST is around 4:00 pm.
Looking to see a SAR under a candle to indicate a bullish move and to maintain the already green and chunky AO bars in the lower chart. The blue and black lines are the 100 SMA and 200 SMA which are only there to see if any stalling or major breakthroughs occur around or near them.
Attached Images
File Type: jpg USD CAD JULY 14 3-53 pm est.JPG (61.7 KB, 20 views)
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Old 07-14-2008, 10:44 PM
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USD/CAD trade update

I just checked this again and it had signalled a trade a few candles ago. I took a mock trade of 20 lots! and got in at the same price - 1.0061 - as I would have at the close of the actual candle that was created upon making the SAR up dot. Notice that the AO is green also. This is - as usual - the 30 minute chart and the time is in GMT.
Attached Images
File Type: jpg USD CAD JULY 14 5-41 pm est trade 30 min chart.JPG (57.2 KB, 30 views)
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